PROSPECTS AND OPPORTUNITIES
A brighter outlook for the forecast period with signs of improvement in the housing market
After seeing declining sales in the last few years of the review period, the outlook for home improvement and gardening stores is more promising for the forecast period. The forecast period is expected to see an uptick in consumer confidence as economic conditions stabilise and consumers begin to spend more freely again.
AI presents new opportunities
There is expected to be greater integration of AI into the business operations of home products specialists over the forecast period. For example, home products specialists are expected to introduce advanced AI solutions that enable customers to personalise their living spaces with ease.
Retailers set to invest in sustainability initiatives
Sustainable store concepts will continue to be fundamental. For instance, Ikea's new sustainable store concepts, such as the one in Copenhagen, emphasise green building practices and accessibility, contributing to a more sustainable retail environment.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Denmark with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Products Specialists industry in Denmark, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Products Specialists in Denmark report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Products Specialists in Denmark?
- Which are the leading retailers in Home Products Specialists in Denmark?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in Denmark - Category analysis
KEY DATA FINDINGS
Sales decline as economic pressures weigh on demand
Jysk and Ikea investing in the future
Players investing in the circular economy
A brighter outlook for the forecast period with signs of improvement in the housing market
AI presents new opportunities
Retailers set to invest in sustainability initiatives
Retail in Denmark - Industry Overview
Retail in 2024: The big picture
Grocery retailers seeing changes as they fight to remain competitive
Retailers focus on domestic sport sponsorship deals to boost sales
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Summer clothing
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Products Specialists research and analysis database.
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